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GENTRACK GROUP LIMITED — Earnings Release 2018
Nov 28, 2018
65024_rns_2018-11-28_7c611b55-fa7d-48e4-8d32-abc57abd6b59.pdf
Earnings Release
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29 November 2018
Gentrack Group Limited (NZX/ASX: GTK) Annual Result for the Year Ended 30 September 2018
Please find attached the following:
- NZX Appendix 1 – Results
We will shortly release the following related information:
-
Appendix 3A.1 – Notification of dividend/distribution
-
Market announcement
-
Audited financial statements and notes
-
Investor presentation
The Annual Report will be released on 14 December 2018.
ENDS
Contact
Jon Kershaw - Company Secretary
+64 9 966 6090
About Gentrack
Gentrack provides essential software for essential services, pairing powerful platforms with deep market knowledge to help utilities and airports lower service costs, foster innovation and confidently navigate market reform. It employs over 500 people in offices across New Zealand, Australia, the UK and Europe and services over 200 utility and airport sites in 30+ countries with its leading solutions for utilities - Gentrack Velocity, Junifer and Evolve Analytics, and for airports under the Veovo brand including Airport 20/20, BlipTrack and Concessionaire Analyzer+.
Velocity, Junifer and Evolve Analytics are champion billing, customer and revenue protection solutions in the sector, providing a full range of proven capabilities along with hosted and managed services options for new entrant energy and water suppliers, and larger utilities in competitive markets where flexibility, uniqueness and compliance are essential.
More information: www.gentrack.com
Gentrack Group Ltd | www.gentrack.com | [email protected] | ARBN 169 195 751
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Veovo combines Gentrack’s Airport 20/20, BlipTrack and Concessionaire Analyzer+ software to unlock operational, revenue, concession and passenger insights across the airport ecosystem. The Veovo Predictive Collaboration Platform enables airports to operate more efficiently, uncover new growth opportunities and deliver outstanding guest experiences.
More information: www.veovo.com
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Appendix 1
29 November 2018
Gentrack Group Limited (GTK)
NZ Company number 3768390
This document covers Gentrack Group Limited’s audited financial results for the year ended 30 September 2018.
Gentrack Group Limited – Results for announcement to the market
| Reporting period | 12 months to 30 September 2018 | |
|---|---|---|
| Previous reporting period | 12 months to 30 September 2017 | |
| Amount | Percentage | |
| NZ $’000 | Change | |
| Revenues from ordinary activities | 104,477 | Up 39.0% |
| Profit from ordinary activities after taxattributable to security holders | 13,869 | Up 17.3% |
| Net profit attributable to securityholders | 13,869 | Up 17.3% |
| Underlying EBITDA* | 30,956 | Up 29.5% |
*Underlying EBITDA is a non-GAAP profit measure that is equal to “ profit before depreciation, amortisation, financing, non-operating expenses and tax”.
| Interim/Final Dividend | Amount per Security | Imputed amount per Security |
|---|---|---|
| Final dividend | 8.70cps | 3.3833cps |
| Record date | 13 December 2018 | |
| Dividend payment date | 21 December 2018 |
For non-tax residents with a shareholding of less than 10%, a supplementary dividend will be available to offset NZ NRWT.
Dividends during the year
| Amount per | NZ Imputation | Supplementary | Date paid/ payable | ||
|---|---|---|---|---|---|
| security | credit per | Dividend per | |||
| security | security | ||||
| 2018 | Interim dividend | 5.00cps | 1.9444cps | 0.8824cps | 25 June 2018 |
| 2018 | Final dividend | 8.70cps | 3.3833cps | 1.5353cps | 21 December 2018 |
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Net tangible assets per share increased to NZ$0.02 per share (2017: -NZ$0.55 per share).
Commentary on results
For commentary on the results please refer to the investor presentation and market announcement attached.
Financial Information
This Appendix 1 should be read in conjunction with the audited financial statements for the year ended 30 September 2018.
The financial statements have been prepared in accordance with New Zealand Generally Accepted Accounting Practice. They comply with New Zealand Equivalents to International Financial Reporting Standards (‘NZ IFRS’).
This report is based on the audited financial statements and the auditors have issued an unqualified audit opinion.